Amentum Holdings Reports $3.24B Q1 Revenue, 8.1% EBITDA Margin and $23B Pipeline
Amentum Holdings posted $3.24 billion in FQ1 2026 revenue, 3% normalized growth, and $263 million in adjusted EBITDA at an 8.1% margin. The firm secured about $1 billion in nuclear energy awards, holds $23 billion in bids with $2 billion under protest, and projects full-year revenue of $13.95–14.3 billion.
1. FQ1 2026 Financial Results
Amentum Holdings recorded $3.24 billion in FQ1 2026 revenue, representing 3% normalized growth. Adjusted EBITDA reached $263 million with an 8.1% margin despite government shutdown disruptions.
2. Contract Wins and Segment Momentum
The company secured approximately $1 billion in nuclear energy sector awards during the quarter and anticipates increased activity under its Golden Dome Shield work for the Missile Defense Agency and Space Force.
3. Bid Pipeline and Protested Contracts
Amentum holds $23 billion in active proposals, with $2 billion of new business currently under protest or awaiting corrective action, spotlighting risk in its conversion pipeline.
4. Full-Year 2026 Outlook
Management raised guidance for fiscal 2026 revenue to $13.95–14.3 billion and adjusted diluted EPS to $2.25–2.45, emphasizing a strategic shift toward higher-margin fixed-price contracts.